Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Who trashed the reputation Gordon or management?. In the 26/7/23 Rns RW said that the jet pump installation is scheduled for mid August when he didn’t have yet secured the work over rig. This time round he is stating that rig will arrive on site on 8/9/23 without mentioning anything on DGH approval. We all know too well that the last time the rig was on site, DGH vetoed the works getting started.
You can’t be so unprofessional in your presentation and pretend to be taken seriously by a prospective JV partner and/or the regulator. The concession was extended so that they progress the field, what really happened during almost three years is refraccing 2 zones and claiming a success by having a maximum flow of 1/8 the intended target.
VF. 6 producing wells?. In the 21/11 rns they only mentioned 5. C19z, C20, C63, C72 and C77H together producing c. 50bopd. In the 1/12 rns they stated that the November average production went down to 23 bopd. In the latest shareholder presentation page 10 , C19z, C20, C63 and C72 are categorized as historic producing wells while C77 as current producing well.
imho certain sensationalist statements do more harm than good. They may impress some investors but put off others.
Page 18 chart. Jan. 23 production 1mmcfpd of gas , actual 0.275mmcfpd. Jan 24 production 8mmcfpd assuming 78H and 79H at full production each. The graph cannot be linear since they already said that new wells will come into play in H2 2023 at their earliest.
Same wrong charting as regards condensate.
In my opinion charts produced are the same prepared pre results, that is initial plateau rate of >1mmcfpd and 78H / 79H planned for Q1/2 2023 respectively.